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Federated States of Micronesia GDP Annual Growth Rate

Federated States of Micronesia's GDP annual growth rate rose to 0.72% in 2024, up from 0.48% in 2023, according to World Bank. This represents an increase of 0.24% from the previous year. Federated States of Micronesia has GDP annual growth rate lower than the global median (0.72% vs median 3.24%). Compared with the median in Oceania, Federated States of Micronesia is lower (0.72% vs regional median 3.00%) and ranks 18th out of 19 countries in Oceania.

Federated States of Micronesia's real GDP rose to $332.44 million in 2024, up from $330.07 million in 2023.

Yearly Historical Data (1971-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 0.72%
2023 0.48%
2022 -2.91%
2021 3.1%
2020 -1.67%
2019 4.08%
2018 0%
2017 0.82%
2016 0.48%
2015 4.62%
2014 -2.31%
2013 -3.68%
2012 -1.87%
2011 3.19%
2010 2.26%
2009 1.09%
2008 -2.41%
2007 -1.84%
2006 -0.08%
2005 2.04%
2004 -3.08%
2003 1.57%
2002 0.55%
2001 2.17%
2000 4.83%
1999 1.37%
1998 2.85%
1997 -6.06%
1996 -3.18%
1995 7.01%
1994 -0.53%
1993 8.14%
1992 4.01%
1991 7.43%
1990 3.74%
1989 3.53%
1988 2.55%
1987 1.2%
1986 7.98%
1985 16.55%
1984 -3.95%
1983 1.93%
1982 -2.62%
1981 9.72%
1980 -7.2%
1979 2.12%
1978 5.64%
1977 2.43%
1976 0.36%
1975 0.07%
1974 15.33%
1973 33.93%
1972 1.07%
1971 2.3%
Federated States of Micronesia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Federated States of Micronesia's total economic output.
Indicator Last Value Prior Value Period
GDP $471.43M $443.92M 2024
GDP per Capita $2,937.8 $2,930.55 2024
GDP per Capita PPP $3,823.6 $3,814.17 2024
Real GDP $332.44M $330.07M 2024